SEI Investments Company (NASDAQ:SEIC) Given Average Recommendation of “Moderate Buy” by Brokerages

by · The Cerbat Gem

SEI Investments Company (NASDAQ:SEIC – Get Free Report) has received an average rating of “Moderate Buy” from the seven analysts that are currently covering the company, MarketBeat Ratings reports. One analyst has rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $122.60.

A number of equities research analysts have recently weighed in on the company. Weiss Ratings reaffirmed a “buy (b)” rating on shares of SEI Investments in a research note on Friday, July 17th. Keefe, Bruyette & Woods increased their target price on SEI Investments from $113.00 to $119.00 and gave the stock an “outperform” rating in a research note on Thursday, July 23rd. Piper Sandler raised their target price on SEI Investments from $114.00 to $120.00 and gave the company an “overweight” rating in a report on Thursday, July 23rd. Zacks Research downgraded SEI Investments from a “strong-buy” rating to a “hold” rating in a research report on Friday, August 21st. Finally, Raymond James Financial boosted their price target on shares of SEI Investments from $122.00 to $124.00 and gave the stock an “outperform” rating in a research note on Monday, July 6th.

Read Our Latest Stock Analysis on SEIC

SEI Investments Stock Performance

Shares of SEIC stock opened at $106.93 on Monday. The company has a debt-to-equity ratio of 0.06, a quick ratio of 4.96 and a current ratio of 5.06. The firm has a market cap of $12.83 billion, a P/E ratio of 18.86 and a beta of 0.97. The firm’s 50 day moving average price is $104.08 and its 200-day moving average price is $91.76. SEI Investments has a one year low of $75.08 and a one year high of $112.15.

SEI Investments (NASDAQ:SEIC – Get Free Report) last posted its earnings results on Wednesday, July 22nd. The asset manager reported $1.66 earnings per share for the quarter, beating the consensus estimate of $1.44 by $0.22. The firm had revenue of $641.62 million during the quarter, compared to the consensus estimate of $636.35 million. SEI Investments had a net margin of 28.85% and a return on equity of 29.16%. The firm’s revenue for the quarter was up 14.7% on a year-over-year basis. During the same quarter last year, the firm earned $1.78 EPS. As a group, equities research analysts predict that SEI Investments will post 6.2 EPS for the current year.

Insider Transactions at SEI Investments

In related news, CEO Ryan Hicke sold 37,500 shares of the company’s stock in a transaction that occurred on Thursday, September 3rd. The shares were sold at an average price of $110.71, for a total transaction of $4,151,625.00. Following the sale, the chief executive officer directly owned 192,815 shares of the company’s stock, valued at $21,346,548.65. This represents a 16.28% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, insider Sanjay Sharma sold 20,000 shares of the stock in a transaction that occurred on Friday, July 24th. The stock was sold at an average price of $99.33, for a total transaction of $1,986,600.00. Following the sale, the insider owned 39,829 shares in the company, valued at approximately $3,956,214.57. This trade represents a 33.43% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last ninety days, insiders have sold 179,832 shares of company stock valued at $17,897,438. 4.80% of the stock is owned by corporate insiders.

Institutional Trading of SEI Investments

Hedge funds have recently modified their holdings of the stock. Elevation Wealth Partners LLC boosted its holdings in SEI Investments by 96.8% in the second quarter. Elevation Wealth Partners LLC now owns 309 shares of the asset manager’s stock valued at $27,000 after purchasing an additional 152 shares during the period. CIBC Private Wealth Group LLC increased its holdings in SEI Investments by 353.1% during the 3rd quarter. CIBC Private Wealth Group LLC now owns 435 shares of the asset manager’s stock worth $37,000 after purchasing an additional 339 shares during the period. Root Financial Partners LLC increased its holdings in SEI Investments by 40.8% during the 1st quarter. Root Financial Partners LLC now owns 487 shares of the asset manager’s stock worth $38,000 after purchasing an additional 141 shares during the period. CX Institutional raised its position in SEI Investments by 44.6% in the 2nd quarter. CX Institutional now owns 532 shares of the asset manager’s stock valued at $47,000 after purchasing an additional 164 shares in the last quarter. Finally, Geneos Wealth Management Inc. raised its position in SEI Investments by 60.2% in the 1st quarter. Geneos Wealth Management Inc. now owns 532 shares of the asset manager’s stock valued at $41,000 after purchasing an additional 200 shares in the last quarter. 70.59% of the stock is currently owned by institutional investors and hedge funds.

SEI Investments Company Profile

(Get Free Report)

SEI Investments Company is a financial technology and investment solutions provider serving wealth managers, asset managers, institutional investors, banks and family offices. The company combines technology, outsourced operations and investment expertise to help clients manage portfolios, administer funds and support their broader financial businesses.

Its offerings include the SEI Wealth Platform, which provides technology and operating infrastructure for wealth management firms; investment processing and administration services; fund accounting and administration; and technology and operational support for investment managers.

Recommended Stories